The HFMA Digital Annual Conference 2020 invited multiple health companies to give short presentations about their innovative solutions for improving performance in healthcare revenue cycles. The first health system in the country to utilize augmented reality in its billing process, Banner Health developed an application that, with the scan of a QR code on a billing statement, introduces an avatar to explain each aspect of the bill.
Patients gain a clearer understanding of their financial responsibility, payment due dates, and portions covered by insurance, without having to call a customer service representative. In its first eight months of service, more than 1,600 patients downloaded the app, and among them, only 9 percent called customer service after using the app. This represents a marked reduction in traditional call rates for customers following bill receipt.